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Bank of England hints at faster rate hikes, but post-Brexit options open

A disruptive Brexit would probably cause sterling to fall and push up inflation

Bank Of England  |  Brexit  |  European Union

Reuters  |  LONDON 

The Bank of England hinted at slightly faster future rises in interest rates if Brexit goes smoothly, but warned all bets were off if next March brought a "disruptive" departure from the EU. The BoE's nine rate-setters voted unanimously to hold rates at 0.75 percent on Thursday, as expected by economists in a Reuters poll, after raising them in August for only the second time since before the financial crisis. Bank of England Governor Mark Carney said a disruptive no-deal Brexit was not the central bank's main assumption but if there was a shock to the economy, ...

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First Published: Thu, November 01 2018. 19:30 IST